China’s LNG sector turned a corner in the first half of 2017, with strong sales growth for the six months suggesting last year’s lacklustre demand is now firmly in the rear-view mirror.
LNG sales in China surged by 45% year on year in H1 2017, to 8.11 mt. Growth accelerated from 14% in H1 2016 and 33% in H2 2016 as a result of stronger demand from the transport and industrial sectors, according to consultancy SCI International.
Domestically produced LNG accounted for 4.63 mt of the total consumed, up by one-third year on year, but was outperformed by imported LNG, sales of which expanded by two-thirds, to 3.48 mt.
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